By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 28, 2010
Bank of America Corp. Support & Resistance Levels - 9/28/10
Resistance Levels: $14.06, $14.64
Support Levels: $13.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is trading around $13.30 as we head into the afternoon. Bank of America Corp has support on the downside at $13 with resistance on the upside at $14. As soon as Bank of America closes and remains above $14 for some time, I think you will see the shorts cover and the stock move higher. If we see Bank of America Corp drop below $13, I think it becomes a solid long term buying opportunity.
Bank of America Corp (BAC) is trading around $13.30 as we head into the afternoon. Bank of America Corp has support on the downside at $13 with resistance on the upside at $14. As soon as Bank of America closes and remains above $14 for some time, I think you will see the shorts cover and the stock move higher. If we see Bank of America Corp drop below $13, I think it becomes a solid long term buying opportunity.
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